Middle Eastern operators to compete for Vivendi’s stake in Maroc Telecom

Several leading Middle Eastern operators are reportedly set to compete with one another to acquire Vivendi’s 53% stake in Maroc Telecom.

According to Reuters, Etisalat has lined up a loan facility to finance its bid for the stake, while Qatar Telecom is also thought to be in discussions with banks about a loan facility to finance its bid.

Other companies expected to compete with Etisalat and Qatar Telecom includes Saudi Telecom and Korea Telecom.

Companies are said to have until April 22 to submit preliminary bids to the French operator, with Vivendi’s stake valued at approximately $6 billion. Etisalat is thought to have lined up an $8 billion dual-tranche loan facility to finance its bid.